Loans for fully-funded programs

[psych for path]

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What kind of loans do people take out to supplement stipends at full tuition remission programs? When do you do this?

 

[neuronic]

The bigger question is why do you want to do this? Watch some Suzy Orman and never take out private loans.

 

[syzergy]

I'm in a fully funded program and I took some out to help with moving/fees/book costs at the beginning of the year. Lived paycheck to paycheck post bac so I wasn't able to save much before starting grad school. I took out the unsubsidized student loans (grad students aren't allowed to take out subsidized anymore). With 5 years of school and internship costs, I'm trying to keep the total under 10k. I think it's very doable and I'm not too worried about taking on too much debt.

 

[JeyRo]

The bigger question is why do you want to do this? Watch some Suzy Orman and never take out private loans.

Before 2008 she used to talk about student debt as "good debt" so I'm not so enamored with Suze Orman anymore

 

[psych for path]

The bigger question is why do you want to do this? Watch some Suzy Orman and never take out private loans.

Why even bother saying that? Circumstances call for it, and no, they will definitely not be private. Thanks for the response syzergy.

 

[neuronic]

Why even bother saying that? Circumstances call for it, and no, they will definitely not be private. Thanks for the response syzergy.

Yeah the last part was overly dramatic, but it is easy to live on borrowed money while interest builds up. Especially with our field, the loan repayment and starting salaries are not great, and it is just one more thing to consider long-term.

 

[undecidedman]

Before 2008 she used to talk about student debt as "good debt" so I'm not so enamored with Suze Orman anymore

i don't think she ever advocated for private student loans.